MEXC Tops SOL And DOGE Depth At Market Price
MEXC led all eight exchanges studied in CoinGecko Research’s 2026 Crypto Liquidity on CEXes Report for order book liquidity at the market price in both Solana and Dogecoin, the exchange said on September 30, 2026. The report tracked depth for BTC, ETH, XRP, SOL and DOGE across eight venues over 60 days from July 6 to September 3, 2026.
For SOL, MEXC recorded approximately $934,000 in liquidity at the market price, the highest among the exchanges surveyed. For DOGE, MEXC logged more than $443,000 at the same level, also the top figure. Only Binance, MEXC and OKX exceeded $200,000 in DOGE depth at the market price.
At the time of writing on September 30, 2026, Solana traded at $119.38, up 0.27% on the day, while Dogecoin’s price was not immediately available in the latest market snapshot. Bitcoin changed hands at $83,832.71, up 0.25%.
Why SOL Liquidity Spread Across More Venues
CoinGecko found that SOL liquidity was more evenly distributed across exchanges in 2026 compared with the previous year, even as overall SOL liquidity declined from 2025 levels. Within that more competitive landscape, MEXC still held the top spot at the market price.
The shift matters because deeper liquidity at the market price allows orders to be absorbed with less slippage, improving execution for retail traders. Beyond the immediate market price, other venues gained depth: Bitget and Coinbase overtook MEXC past the ±$0.20 range, suggesting that liquidity leadership in SOL is not uniform across the order book.
MEXC’s DOGE Depth Extends Past 0.3%
For DOGE, MEXC regained the lead past the ±$0.0006 (0.3%) range, surpassing Binance and Bitget, according to the report. Its liquidity then leveled off beyond the ±1% interval at roughly $2 million on each side of the order book, showing depth that extends well beyond the best bid and ask.
The report also examined DOGE liquidity during individual market events. On August 21, 2026, as DOGE market depth shifted alongside broader price movements, MEXC remained among the venues showing substantial depth across the order book. The report’s observations also found that MEXC traders placed larger block orders around key price levels during subsequent DOGE price movements.
Execution Quality And The Retail Cost Of Thin Books
“For retail traders, liquidity is fundamental to market quality. It determines execution efficiency, price stability and the ability to enter or exit positions with confidence,” said Vugar Usi Zade, CEO of MEXC, in a statement on September 30, 2026. “Deep liquidity is therefore central to how MEXC lowers barriers to trading and provides more efficient access to global market opportunities.”
Thin order books amplify price impact, meaning a single large order can move quotes more sharply and leave retail traders with worse fills. The CoinGecko data suggests that for SOL and DOGE, MEXC’s depth near the market price may reduce that risk for its users, at least relative to the other exchanges in the study.
What To Watch In The Next CoinGecko Snapshot
The 2026 report covers only the July 6 to September 3 window, so it does not capture any liquidity changes in the final weeks of September. Traders should watch whether MEXC holds its lead in the next CoinGecko update, and whether Bitget and Coinbase continue to gain ground in SOL depth beyond ±$0.20.
For DOGE, the key level is the ±1% interval, where MEXC’s depth leveled off at roughly $2 million per side. A sustained move above that threshold in a future report would confirm that the exchange is deepening its book further out, while a decline would suggest the lead is narrowing.
Comments are closed.